A new International Data Corporation (IDC) study finds that worldwide IT spending will accelerate next year after slowing down in 2013.
Overall tech spending is on pace to grow 4 percent this year, reaching $2.04 trillion, down from last year's rate of 5 percent. This is mainly due to the slowdown in key emerging markets such as China and Russia. In 2014, IDC forecasts a rebound in China coupled with continuing momentum in the United States and Europe, resulting in growth of more than 5 percent, to $2.14 trillion.
Almost half of industry growth this year is due to the continued strength in smartphone and tablet shipments. Outside of mobile phones, IT spending will increase by 2.6 percent, IDC says. PC shipments in the third quarter began to stabilize. Spending on servers, storage and enterprise networks will increase just 1 percent this year before growing 4 percent next year, the report predicts.
"This has been a tough year for many IT vendors, with infrastructure spending in the first half of 2013 proving weaker than previously expected," said Stephen Minton, vice president in IDC's Global Technology & Industry Research Organization (GTIRO). "The overall industry has been propped by continued strength in mobile devices, especially smartphones, but the slowdown in emerging markets was another headwind for infrastructure-focused tech firms on top of government sequestration in the U.S. and continued sluggish growth in Europe."